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VA Loans: The Complete Guide

This excerpt contains an in-depth description of VA loans and every aspect you should know about these loans for veterans.<br>

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VA Loans: The Complete Guide

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  1. VA Loans: The Complete Guide

  2. What is a VA Loan? VA loans are government-backed mortgage options available to veterans, service members, and surviving spouses. VA loans are made by private lenders, such as mortgage companies and banks, and not the Department of Veterans Affairs.

  3. VA Loan Benefits The VA has guaranteed over 28 million loans since 1944, when the home loan program began as part of the original GI Bill of Rights. Some of the benefits of VA loans include a 0% down payment, low interest rates, closing cost limits, flexible credit guidelines, etc.

  4. VA Loan Eligibility Veterans and service members must meet basic time-in-service and character of service requirements to be eligible for a VA loan. Some surviving spouses can also get a loan from a VA mortgage loan broker in California.

  5. How VA Loans Compare Every type of mortgage has its own distinct advantage and disadvantage. However, if you stack them side by side, you will find that a loan offered by a VA mortgage loan broker in California is a cut about all others for most veterans and military homebuyers.

  6. Types of VA Loans VA loans can be of several types, including the VA purchase loan, VA IRRRL, VA Cash-Out Refinance, and VA Energy Efficient Mortgage.

  7. Thank You Visit:www.altfn.com

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